Deferred Pension

Members who are not eligible for an immediate unreduced pension at termination have the option of taking a deferred pension, payable in the future. 

A deferred pension involves leaving the pension entitlement with the OPSEU Pension Plan and receiving an unreduced OPTrust pension, starting at the Plan’s normal retirement age of 65. The deferred pension amount is calculated as of the member’s date of termination, based on the member’s best 60 consecutive months average annual salary rate and credit and the OPTrust pension formula in effect at the time. 

Members who take a deferred pension at termination may later choose one of the following options:

icon Note!  an employee may be eligible to "grow-into" their unreduced early retirement pension. For more information, please see the Grow-In Rights section.